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Bitcoin Forum / Re: Bitcoin bull market correction drawdowns
« Last post by legend45 on Today at 08:06:17 PM »There are many ways to find out the right position to enter cryptocurrency, but the need for better analysis is really needed, therefore if you are more comfortable using the DCA method then continue to consistently use that method because so far the movements using this method have had quite accurate results. .DCA is to avoid finding right positions to enter the market because the bottom line is, You can not find it accurately in price and time.
By finding right positions, you will be affected by emotion, psychology and if you miss a right position, you will start to make bad decisions.
DCA is a powerful strategy to help you avoid (1) Timing the market (2) Finding right positions (3) Eliminate effects from emotion and psychology.
Agree with your opinion, we cannot determine the accuracy of purchasing bitcoins, because it is very difficult. DCA only tries to buy bitcoin with a method that is consistent with the amount of money we can determine. As you said, we can set the time to shop, and of course for small investors like me we can buy a little but consistently.